The invoice for your 2015 payment to the Retirement System is now available through our Annual Employer Invoice Application. Since February 1, 2015 falls on a Sunday, payments received on or before February 2, 2015 will be considered on time. You also have the option to prepay a discounted amount by December 15, 2014. This year, you will have the option to pay your invoice through Automated Clearing House (ACH). Please see our November 5, 2015 letter to learn more.
By calling our automated phone line, you can confirm an employee’s registration or verify an employee’s cessation date. Visit our Automated Phone Line page to find out more.
For ERS Tier 5 members, overtime payments that exceed the calendar year 2014 limit of $16,882.63 should not be reported on your monthly report to the Retirement System. The overtime limit for Tier 5 PFRS members is 15 percent of regular salary. See page 5-41 in the Employer’s Guide .
The legislation that created Tier 6 established variable contribution rates for members based on their annualized wage. This video will help you understand how rates are determined and your important role in the process.